2025/05/16 Market Analysis

🥇01 Review of Yesterday
BTC: The price rebounded multiple times after testing the 4-hour EMA52 line yesterday, indicating effective support. However, a divergence has appeared at the 4-hour level, suggesting limited short-term upside potential. At the hourly level, it remains relatively strong, but caution is needed for the risk of a pullback after a rise.
ETH: The trend follows BTC but is weaker, with a divergence at the 2-hour level and MACD crossing below the zero line. There is insufficient short-term support, and the price may further test the 4-hour, 6-hour, and 8-hour EMA52 lines (2398-2290-2210) before rebounding.

🥈02 Today's Analysis
BTC Trend: The 8-hour and 12-hour EMA52 lines (99360 and 97140) are better buying points. The trend is mainly a downward fluctuation, and a quick spike followed by a rise may occur, making it suitable to enter at major support levels (such as 102100-99500).
Key points:
Resistance: 105000-110000
Support: 102100-99500
ETH Trend: The short-term long position provided yesterday entered at 2510, which achieved a peak increase of almost 3.4%. The next entry point for the short-term long position is around the 4-hour EMA52 line, which is near 2398, and should yield good returns.
Key support and resistance levels:
Resistance: 2760-2860
Support: 2530-2490

🥉03 Today's Summary
The daily level rise has not ended, and the weekly level rise has just begun not long ago, so the upward trend is far from over. Cherish every opportunity for a pullback during the decline. #BTC #ETH #NXPC Launchpool